The HODL meme and its impact on Bitcoin

[maxreish]

December 18th 2013, damn those were some dark days - I remember moving between Bitcointalk and btc-e trollbox, so many people were despairing.

I enjoy HODL as a meme, but I wouldn't recommend it to anyone who has bought in near the peak of the hype.

Just like what i did and that frustrates the hell out of me. My TA was failed and i was like HODLing for so many months now. Just as I thought that it was a good time to buy,  but bitcoin seems to have a huge down trend and  is having a hard time to recover.

[Indrawan77]

For early adopter hodling has giving a good profit, so for me hodling is not a meme, its a long term investment strategy, but sometimes people could think hodl is just an excuse to cheer up themselves when they make the wrong move or the market is not the same with their prediction, holding is not too good for bitcoin growth but its better to hodl rather than panic sell

[meanwords]

It can either be a good or a bad choice. It really depends on your strategy. Most people holding their assets for a certain period of years while people hold to make a profit base on their percentage. It also depends on when you hold. If you didn't sell when Bitcoin was at its peak in 2017, then it's a long lost for you. If you hold during 2010-2017, then it's a great profit.

[Jocuserious]

Actually people are holding their bitcoin for the future profits.It's not time to have any fun because those who believe in Bitcoin they consider this time an opportunity to apply the right thing.The crypto market never remains the same think so invest,trade your good compare now this time.

[pooya87]

memes are just memes. anybody who is going to be influenced with this meme, you can be sure that they are going to be influenced by at least a dozen other things. for starters they will also fall for the ICO scams and altcoin pump groups scams and lose a lot of money. there won't be any HODLing because they would be buying these shitcoins because they saw some other shinny advertisement on the internet. so you can't just talk about HODL because you saw that meme only.

[cellard]

"Buy and hold" is an ancient approach to investing. I guess the classic "hodl" definition would be value investing, see Warren Buffet's long ass holds on his stocks. His picks are based on understanding the fundamentals. Unfortunately he doesn't understand the fundamentals of Bitcoin, but case in point, if you understand the fundamentals and come to the conclusion that it's undervalued, hold regardless of market noise and long term you will be rich as fuck. Most people fail to do this because they fall victim of the market cycles.

[Lexurdania]

memes are just memes. anybody who is going to be influenced with this meme, you can be sure that they are going to be influenced by at least a dozen other things. for starters they will also fall for the ICO scams and altcoin pump groups scams and lose a lot of money. there won't be any HODLing because they would be buying these shitcoins because they saw some other shinny advertisement on the internet. so you can't just talk about HODL because you saw that meme only.

Indeed, memes just a meme. Its a joke with a message. Sometimes its a strong message for bitcoin holder to patient when bear market. But the point on thats meme is every investment need time for grow and profitable and its good message for me

[SiDtHeBeSt]

A mistake by a drunk user came a long way becoming a meme lol. Many people decided to "HODL" when prices were hitting 19k$ to 20k$ thinking prices will go up higher but didn't lol on the other hand prices dipped down harder so HODL wasn't a very good idea for many I guess xd

[CryptoBry]

The hodling memes are supposed to be fun and to envive the mentality that no matter what can happen we are hodling on to our Bitcoin. The problem is that things are still based on the market dynamics of reality and so people became dismayed that after hodling on they realized that the value of the Bitcoin on their wallets are dwindling. And so we are at the phase of convincing ourselves that the coming bull run can be happening soon if not this year then at least next year...then the following year and so forth making things more like hoping, wishing and even praying. Anyway, things like this are the ones making Bitcoin and the community quite funny (though it can get hurts sometimes).

[comchien]

Hold in the current time is only for those who are patient when the market is not growing and waiting, in another aspect if you hold a crypto with no future, it will be a big defeat.

[valta4065]

Regardless of how and when the term HODL was invented, in my opinion it's a good thing and is recommended.
HODL is not something new, it's a concept that existed in every market for decades and is also inherited by cryptocurrency market. HODL strategy is for investors who are looking to invest for longer duration of time.
Warren Buffet (greatest investor of all time) Quotes on patience (HODL)

• No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.
• Our favorite holding period is forever.
• I don't look to jump over seven-foot bars: I look around for one-foot bars that I can step over.

Source

[MI6]

I think holding is strategy from some bitcoiners, actually it is natural because of course people will always want a profit. Big profit especially, is aim for a lot of people like traders and investor. That is why holding still be trend for now.

[shesheboy]

Many people decided to "HODL" when prices were hitting 19k$ to 20k$ thinking prices will go up higher but didn't lol on the other hand prices dipped down harder so HODL wasn't a very good idea for many I guess xd

thats their fault because they keep on hodling even if the price is already high  . hodl only means when the prices are in dip but when the price of the coins are pumping and reaching an ath  , then that is the time that we must forget the term hodl for a while .  

For early adopter hodling has giving a good profit

Hodling is not only for early adopters because hodl is for everyone .  you can continue to hodl even if the market is in healthy condition  .

for me hodling is not a meme,

Course it its not  . hodling is a term but some might be using this term to create a meme which isnt also bad  . infact it can attract people to learn this term even if they not interested on crypto  .

[ASHLIUSZ]

However holding is much important with the cryptocurrency, the origin of the term happened accidentally but our cryptocurrency community have given it a meaning and made it the most used term among the cryptocurrency users. Bitcoin has been undergoing several disturbances from the market scenario prevailing all around. By this time the term HODL gives a peace in mind targeting the future.

[maemunah]

in my opinion now many young people who make memes on social media with the connection with bitcoin in my opinion it lowers the image of bitcoin so far for me it is not so important to make a bitcoin meme and published on social media

[Kprawn]

HODL has become a trend in our community and in my opinion it is a plague, if everyone follows that strategy. Yes, it might

be considered as a boon, but only if you are invested in this technology for the speculative profits. A person who are invested

in this technology to use it as a currency or to accept it as a currency, would hate it if everyone HODL'ed all their coins. 

[Johnzky]

Well for me its good in the sense that if we have the capacity of Hodling the coins for how long,without specific period of time,then surely it will progress as we know the value of bitcoin started from nothing to a thousand bucks

It is Bad if you are Hodling this to fed you family because the prices fluctuate in just a matter of seconds of minute

[naufals4]

Over the years, HODL evolved from just a meme into a mentality that many Bitcoiners live by.

Is this good? Is it bad?

I don't have the answer, let's discuss.

Origin of HODL:



Edit: here's the actual bitcointalk thread where the meme was born.

i think HODLING is the best thing to do cause bitcoin is a long-term investment. just look at the price from 2013 and 2019 right now it had increase very high. so HODLING is the best thing to do to invest your money into bitcoin.

[sehoon]

I think it is a split whether it is good or bad. Some people ended up having a huge profit while other just started investing in cryptocurrency just after the boom of bitcoin that is why theyre not really earning a lot up to this time.

[arwani1985]

Hold is actually not bad because also people give an opinion to others to keep hold and be patient for an increase and certainly increase because people certainly want it